Systems and methods for risk based determination of a form for crediting a payee on behalf of a payer
DC CAFCFirst Claim
Patent Images
1. A computer-implemented method for directing a payment, comprising:
- receiving, at a payment service provider, a request to pay a payee on behalf of a payer;
selecting, by at least one payment service provider computer prior to a debiting of a financial account of the payer, a form for crediting the payee, wherein the selection is based on at least one of;
(i) comparing a payer account number associated with the payer and the payee to a merchant account scheme associated with the payee, or(ii) comparing a payment amount associated with the received request to a merchant credit limit associated with the payee; and
directing, by the at least one payment service provider computer, a payment to the payee in accordance with the selected form for crediting.
0 Assignments
Litigations
1 Petition
Accused Products
Abstract
Systems and methods for selecting a form for crediting a payee by a payment service provider include receiving a request to pay a payee on behalf of a payer. A form for crediting the payee is selected based on at least one of a comparison of a payer account number associated with the payer and the payee to a merchant account scheme associated with the payee or a comparison of a payment amount associated with the received request to a merchant credit limit associated with the payee. A payment is directed to the payee in accordance with the selected form for crediting.
-
Citations
21 Claims
-
1. A computer-implemented method for directing a payment, comprising:
-
receiving, at a payment service provider, a request to pay a payee on behalf of a payer; selecting, by at least one payment service provider computer prior to a debiting of a financial account of the payer, a form for crediting the payee, wherein the selection is based on at least one of; (i) comparing a payer account number associated with the payer and the payee to a merchant account scheme associated with the payee, or (ii) comparing a payment amount associated with the received request to a merchant credit limit associated with the payee; and directing, by the at least one payment service provider computer, a payment to the payee in accordance with the selected form for crediting. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
-
-
11. A system, comprising:
-
an interface to a network configured to receive a request to make a payment to a payee on behalf of a payer; and a processor configured (i) to select, prior to a debiting of a financial account of the payer, a form for crediting the payee based on at least one of (1) a comparison of a payer account number associated with the payer and the payee to a merchant account scheme associated with the payee, or (2) a comparison of a payment amount associated with the received request to a merchant credit limit associated with the payee, and (ii) to direct issuance of a payment to the payee in accordance with the selected form for crediting. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
-
-
21. A system comprising:
-
means for receiving, at a payment service provider, a request to pay a payee on behalf of a payer; means for selecting, prior to a debiting of a financial account of the payer, a form for crediting the payee, wherein the selection is based on at least one of; (i) comparing a payer account number associated with the payer and the payee to a merchant account scheme associated with the payee, or (ii) comparing a payment amount associated with the received request to a merchant credit limit associated with the payee; and means for directing a payment to the payee in accordance with the selected form for crediting.
-
Specification